Panel plans vote on $1 billion rebate to Ohio employers
Written by Associated Press   
Thursday, 30 May 2013 06:10

COLUMBUS, Ohio (AP) — Directors of Ohio's insurance fund for injured workers are nearing a vote on Gov. John Kasich's proposal to send $1 billion in cash rebates to businesses, local governments and schools.

The Ohio Bureau of Workers' Compensation board scheduled a vote Thursday.

About 210,000 businesses and public employers would see one-time rebates in June or July under the plan out of the bureau's $8.3 billion asset pool. Checks would range from $5 to more than $3 million.

Kasich says solid investments made the rebates possible.

The coalition Pay Us Back Ohio BWC represents about 270,000 mostly small-business owners who won an $860 million decision against the bureau in March for repayment of overcharges. The group says it favors the so-called Billion Back. A spokesman said its members will benefit.

Copyright 2013 The Associated Press.

Last Updated on Thursday, 30 May 2013 08:05

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